We promote and integrate sustainability considerations into our decisions, operations and practices. We seek to make contributions to society by leveraging the HKMA’s position as a central banking institution and a responsible corporate citizen.
Governance
The Green and Sustainability Steering Committee (GSSC) is chaired by the Chief Executive of HKMA with three Deputy Chief Executives serving as standing members and relevant Executive Directors attending on a need basis. It steers and co-ordinates all sustainability work across the different functional areas of the HKMA, including guiding the development of vision, strategies and policies concerning corporate sustainability and social responsibility matters. The Executive Director (Corporate Services) oversees execution of designated sustainability activities and regularly reports to the GSSC.
In addition, two working groups are in place to provide support. They are the Focus Group on Green Office, which provides a forum to brainstorm ideas to champion a green workplace; and the Committee on Volunteering Services, which aims to encourage a culture of volunteerism.
Our Approach to a Sustainable Organisation
Our approach to sustainability is underpinned by the three pillars of Environment, People and Social Responsibility. Our strategic directions under each of the three pillars are detailed below:
To reinforce the HKMA’s commitment to run our operations in a sustainable manner, we have drawn up a roadmap to realise our sustainability vision. You can find more details about the roadmap including our climate targets, strategies, along with our existing pledges for staff’s wellness and community care on this webpage.
Climate targets
Building on our ongoing green office initiatives, the HKMA aims to achieve net-zero in Scope 1, Scope 2 and Scope 3 greenhouse gas (GHG) emissions1 across all areas of its corporate operations by 2030.
To this end, the HKMA plans to completely eliminate Scope 1 emissions through transitioning all existing cars to electric vehicles, and to reduce Scope 2 emissions by implementing various decarbonisation strategies within its operations.
In respect of Scope 3 emissions, the HKMA will endeavour to mitigate the emissions, as far as practicable, from various sources , such as paper consumption, waste generation and business air travel, and make use of carbon insetting tools to reduce emissions within its value chain and carbon offsetting initiatives for emissions that are difficult to abate.
The HKMA’s emissions reduction targets are developed with reference to the Science Based Targets initiative methodology. These levels of reduction align with the goals of the 2015 Paris Agreement.
As we take measures to prevent, reduce or eliminate sources of GHG emissions, we will report our GHG emissions on a regular basis. In this regard, we have appointed Hong Kong Quality Assurance Agency to verify the HKMA’s target setting approach as well as our emissions, energy and paper consumption, and waste data.
To deliver on our commitments, our priority is to implement decarbonisation strategies, including:
Find out more about our strategies and performance in managing our environmental impact on pages 49 to 57 of the Sustainability Report 2023.
Catalysing transition
The HKMA promotes an environmentally friendly marketplace and encourages environmentally responsible behaviour, advocating measures that enhance operational efficiency and minimise resource consumption for the HKMA, the financial industry and the economy:
1As defined by the GHG Protocol Corporate Accounting and Reporting Standard
Our staff are valuable assets of the HKMA. We promote work-life balance and seek to foster a healthy and inclusive workplace that enhances staff’s well-being. We value every employee’s opinion and provide various communication tools for staff to offer their advice and express concerns.
Wellness Office Our office features an open layout that increases capacity and space efficiency. Measures to improve staff health and productivity are also implemented. |
Staff well-being Championing both physical and mental health, we organise seminars on healthy lifestyles, stress management and workplace safety, arrange medical check-ups, flu vaccinations and fitness activities, as well as sponsor personal counselling services. |
Training and Development We offer both vertical (job-specific) and horizontal (general) skills training to develop our staff’s capabilities to meet operational needs and career progression, and to enhance their adaptability to new challenges. |
Equal Opportunities and Diversity We value diversity in our workforce. We believe that everyone should be able to work in an environment free of discrimination, harassment, vilification, and victimisation. |
In fulfilling our social responsibility, we look beyond the immediate corporate boundaries to upstream and downstream sectors to broaden our impacts.
Volunteer and Charitable Activities
We are committed to giving back to the communities by encouraging our staff to participate in volunteer and charity work. We partner with various community organisations to address community causes. Examples of how our staff bring positive impact to our communities can be found on pages 65 to 69 of the Sustainability Report 2023.
Managing supply chain
We source goods and services from suppliers that uphold sustainability values. In selecting suppliers, we consider, among other things, a supplier’s track record in complying with labour and health and safety regulations. We engage with social enterprises, including them on our list of local vendors.
Community Engagement and Public Education
We actively run various community engagement and education initiatives through different communication channels and multiple media to promote smart and responsible use of banking and financial services. We also seek to help the public, particularly the young generation, to learn about developments and career opportunities in the financial industry in Hong Kong.
Advocating Financial Inclusion
To promote financial inclusion in Hong Kong, we work closely with the banking industry to enhance access to basic banking services by different segments of society.
Find out more about the principles and recommended good practices set out in the industry guidelines for banks on banking services for people with physical, visual, hearing and intellectual impairments, and dementia on the webpage of the Hong Kong Association of Banks.
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Gold certification |
Caring Organisation for the 18th consecutive year as of 2024 |
Gold rating |
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Gold rating for the production data centre under BEAM Plus Existing Data Centres |
Platinum rating for the backup data centre under BEAM Plus Existing Data Centres |
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Gold Award, Non-profit Making and Charitable Organisations Category, Hong Kong Management Association’s Best Annual Reports Awards 2023 |
ESG Award, Public Sector Category, the Hong Kong Institute of Certified Public Accountants’ Best Corporate Governance and ESG Awards 2023 |